{"id":8767,"date":"2024-07-12T09:37:49","date_gmt":"2024-07-12T08:37:49","guid":{"rendered":"https:\/\/hamiltoncourtfx.com\/?p=8767"},"modified":"2024-07-12T09:37:49","modified_gmt":"2024-07-12T08:37:49","slug":"bidens-latest-gaffs-renew-concerns","status":"publish","type":"post","link":"https:\/\/hamiltoncourtfx.com\/it\/bidens-latest-gaffs-renew-concerns\/","title":{"rendered":"Biden’s Latest Gaffs Renew Concerns"},"content":{"rendered":"
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Friday Feeling<\/strong><\/h5>\n
Check out this week’s playlist here!<\/a><\/h5>\n
Last Minute Dreamer<\/strong> – Monki<\/h5>\n
Transatlantic Flight<\/strong> – Leif Vollebekk<\/h5>\n
The North Sea<\/strong> – Tundriunas<\/h5>\n
Bridge Over Troubled Water<\/strong> – Simon & Garfunkel<\/h5>\n
Les Plus Beaux<\/strong> – Fr\u00e0n\u00e7ois & The Atlas Mountains<\/h5>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n
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Biden’s Latest Gaffs Renew Concerns<\/h2>\n <\/div>\n
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After months of build-up, and at a critical time for geopolitical stability, key players in NATO will no doubt be disgruntled that the Summit in Washington has arguably been overshadowed by President Biden\u2019s latest gaffs.<\/p>\n

With world leaders from NATO\u2019s 32 members gathering to mark 75 years of the Alliance, headlines this morning have centred President Biden introducing to the stage Volodymyr Zelensky as his \u201cPresident Putin\u201d.<\/p>\n

Following the initial gaff, Biden then referred to his vice president Kamala Harris as \u201cVice President Trump\u201d during a press conference.<\/p>\n

The latest mishaps \u2013 and the way in which they are dominating international press headlines \u2013 will do little to assuage concerns over Biden\u2019s prospects of winning the Presidential race.<\/p>\n

According to CNN, former President Barack Obama has expressed worries about Joe Biden\u2019s chances of re-election. This follows reports \u2013 as voiced on The Rest is Politics USA and cited in Politico \u2013 that Obama did not object to George Clooney\u2019s Op-Ed in the New York Times, despite having known about it. As we looked at yesterday, Clooney\u2019s fundraising events have helped raise tens of millions of dollars for the Democratic party and his wider influence is hard to understate.<\/p>\n

Clooney\u2019s comments that \u201cthe one battle [Biden] cannot win is the fight against time” come as senior democrats including Nancy Pelosi raise concerns over Biden. According to Politico\u2019s Rachael Bade Pelosi \u201cadvised some Democrats in swing districts to do whatever they have to do to secure their own re-elections \u2014 even if it means asking Biden to relinquish his place atop the ticket.\u201d<\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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\u2026Back to the NATO Summit<\/h2>\n <\/div>\n
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While the latest summit of the North Atlantic Treaty Organisation may have been overshadowed by airtime and columns on Biden, the meeting was highly consequential.<\/p>\n

The Summit in Washington comes against the backdrop of the war in Ukraine, fragility in the middle east and increasingly shaky relationships with Beijing, over topics including Taiwan.<\/p>\n

The summit thus aimed to \u201caddress the challenges facing the Alliance and further strengthen NATO\u2019s deterrence and defence\u201d.<\/p>\n

Key takeaways from the Summit include: providing Kyiv with minimum of \u20ac40 billion in military aid over the course of the next year, taking a harder stance on China which it called a “decisive enabler” of the Kremlin\u2019s war in Ukraine, and an agreement to enhance Integrated Air and Missile Defences.<\/p>\n

Major players in NATO renewed calls on member states to ensure spending on defence meets the 2% of GDP target. The 2% defence investment guideline was put in place in 2006 to \u201ccontinue to ensure the Alliance’s military readiness\u201d but presently, it looks as though only 23 of the alliance\u2019s 32 members will meet the target. (Though this is itself a considerable rise from just three countries which met the target in 2014). During the Summit, NATO Allies also agreed that at least 20% of their defence expenditure should be devoted to major new equipment.<\/p>\n

According to The Economist for Example, European NATO members will spend some $380bn on defence \u2013 with the alliance expecting that at least 20% of member states\u2019 budgets being put towards weapons. While this will mark an increase in spending as a whole, it is estimated that EU NATO member states have racked up a shortfall in spending of $600bn since 1991.<\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n

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Today\u2019s Data<\/h2>\n <\/div>\n
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Following yesterday\u2019s softer-than-expected US CPI print, today focus will turn to US PPI released at 13:30 ahead of the Michigan Consumer Sentiment Index released at 15:00 this afternoon. This comes as markets continue to speculate on when the Federal Reserve will make their first rate cut, with money markets implying that a 25bps cut is fully priced in by their 18 September meeting.\u00a0<\/span><\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Friday feeling, Biden’s latest gaffs center the headlines, focus on the NATO Summit, and data releases today.<\/p>","protected":false},"author":15,"featured_media":1483,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"rp-language":[16],"class_list":["post-8767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-morning-updates","rp-language-en_gb"],"_links":{"self":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts\/8767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/comments?post=8767"}],"version-history":[{"count":0,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/posts\/8767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/media\/1483"}],"wp:attachment":[{"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/media?parent=8767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/categories?post=8767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/tags?post=8767"},{"taxonomy":"rp-language","embeddable":true,"href":"https:\/\/hamiltoncourtfx.com\/it\/wp-json\/wp\/v2\/rp-language?post=8767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}